Friday, July 4, 2008

Back from vacation

I have returned from vacation and updated the IBD100 index stats. It was a bad week with the majority of the damage coming in the last two days. The IBD100 lost 5.67% this week and has given back a large portion of its gains over the past few months in a remarkably short period of time. The IBD100's components had become very concentrated in a handful of industry groups and it was only a matter of time until these leaders experienced a major correction (see comments). The next couple of weeks will be interesting.

Happy Independence Day

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